Loading ...IMF expects an average decline of 4.3 percent in Central and Eastern Europe, except Slovakia, Slovenia and the Czech Republic, this year. In its previous report, IMF forecast a 2.9 percent drop in 2009, and increased its 2010 growth projection at a rate of 0.5 from 0.3 percent, in April.
The Eastern European economies whose growth paces exceeded those of the Western economies, in this decade, are affected by the drop in the exports demand and the capital withdrawal. IMF engaged about 75 billion dollars in the stabilization prorammes worth 133 billion USD at the global level, in Hungary, Latvia, Serbia and Romania included.
Eastern Europe was extremely affected by the decrease in the capital flows, the IMF report reads. That led to important drops in the Baltic economies, in Bulgaria and Romania although the exchange rates acted like a shock absorber in the economies with flexible regimes, the Ziarul financiar concluded, quoting the above said report.
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